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How To Receive Money From PTC Sites.

In order to receive payments from PTC sites you will have to register/signup at E-commerce site likePayPal orPayza. registering/signingup at E-commerce site is free but they do charge some fees for money transfer. I personally recommend Paypal as it is accepted globally and never had any issues in transferring money

Note: Following is the procedure for Indian citizens only if you belong to foreign country Google it your self.If you don't have PAN card don't worry create a Payza accountbut remember you will need PAN card for withdrawing money to your bank a/c.

PayPalis a global e-commerce
business allowing payments and money transfers to be made through the
Internet. Online money transfers serve as electronic alternatives to
paying with traditional paper methods, such as checks and money orders.

PayPal is an acquirer, performing payment processing for online vendors, auction
sites, and other commercial users, for which it charges a fee. It may
also charge a fee for receiving money, proportional to the amount
received. The fees depend on the currency used, the payment option used,
the country of the sender, the country of the recipient, the amount
sent and the recipient's account type.

In order to comply with the RBI Guidelines, all PayPal users in India must:

Add a Permanent Account Number (PAN) and Purpose Code.By adding this information, you will continue to receive
export-related payments into your PayPal account and your account will
not be limited from receiving future payments.

Add a bank account in India.This will help us to auto withdraw your PayPal balance out
of your PayPal account and transfer your balance to your bank account
in India. Note: If you don't add a bank account in India to your PayPal
account then your PayPal account will also be limited from receiving
export-related payments.

FAQ's:

1.How can I create a Paypal account?Go to its official site (www.paypal.com) and register by providing you personal detail.

2.What are the basic requirements to apply for the account?You
need to be 18 years and above, PAN card is a must and you need to have
valid email account. Address proof mandatory in some cases.

3.How they charge for the transactions made thorough the account?Very less or nominal transaction fee or commission used to deduct from your Paypal account.

4.How can I transfer money from Paypal to my bank account?When
you signup to Paypal a/c, you will be asked to provide your bank account
matching the name with valid email ID that registered in Paypal a/c.
Make sure, your full name should match in both email a/c and bank a/c.
Based on your email ID given, once amount credited to your paypal a/c -
you may then automatically (some cases by manual) be credited into your
bank a/c. You can withdraw from your bank a/c. It can happen vice-versa
in case you use Paypal a/c for online purchase if any.

5.How much does it cost to create an account?Free
of cost to create Paypal a/c. Paypal will deposit a small amount to
your a/c during its opening to validate within few days.

Payza is an e-commerce business that allows payments to be made between Payza
members through the internet. For personal users, it is a low-cost
method for transferring money internationally and a platform for the
purchase of goods and services online. For merchants, Payza serves as a
platform for e-commerce processing, corporate disbursements and online
business management tools, including invoicing and foreign exchange.
Payza is a U.S. licensed money transmitter agent with offices in London,
New York, Montreal, Mumbai, Dhaka, Solna, and Moldova.

Payza supports sending and receiving payments in 190+ countries in 21 currencies,
including developing and under served marketplaces. Individual
customers can open an account with Payza through registering their email
address and personal data on the company's website. Completing an
optional identity verification process allows the sending/receiving of
higher-value payments. Accounts are identified by email address(es)
associated with them; consequently, payments made from a Payza account
(other than withdrawals to one’s own bank account or a prepaid card) is
like "sending" money to an email address. For businesses, Payza provides
several business management tools such as checkout buttons, shopping
carts, support for invoicing and payouts, and tools for developers to
integrate Payza with their websites.

3.Select the account type you’d like to have (Personal Pro is agreat place to start as Personal Starter will only allow you to receive
$400 per month and $2000 over the lifetime of your account)

4.Proceed through the signup steps and be sure to provide valid
information to complete the process. It is best to use an email address
the public does not have access to as it will minimize the chances of
your account being hacked. Your password should be strong but easy for
you to remember.

5.A confirmation link will be sent to your email address. You will
need to click on the link or copy and paste it to your browser to
confirm your account.

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